Bitcoin price has recovered despite a bearish trend earlier in the day. After the support was established at the intra-day low of $60,423.92, bulls swept in to seize market control. However the bullish steam waned after resistance at the 24-hour high of $61,778 proved too stiff to breach. At press time, BTC was exchanging hands at $61,139, a 0.50% surge from the intra-day low. Source: CoinMarketCap The day’s trading of Bitcoin was characterized by high levels of fluctuations. Following a dip to around $60,500, the price rallied, although this increase waned as it neared the $61,500 to $62,000 mark. Thus,…
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